New Delhi, Nov. 27 -- India's new-age tech platforms are increasingly taking the merger-and-acquisition (M&A) route to achieve better margins, stronger cross-sell potential, broader product offerings, and increased market share, rather than spending years creating demand and burning cash to sustain it.

In the latest instance, Upskilling company UpGrad Education Pvt. Ltd is exploring a deal to acquire test-prep platform Unacademy (Sorting Hat Technologies Pvt. Ltd), underscoring the growing consolidation across the country's digital economy.

"(Though) not every deal is about grabbing market share, that's definitely the flavour of the season in the digital world," said Sandeep Gogia, managing director and sector lead-tech and digital, inv...